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The International Business Center of Madeira (IBCM) or Madeira International Business Centre (MIBC), formally known as the Madeira Free Trade Zone, is a set of tax benefits authorised by Decree-Law 500/80 in 1980, legislated [1] [2] in 1986, and amended throughout the years by the Portuguese government to favor the Autonomous Region of Madeira.
The Government of the Autonomous Region of Madeira is the local government of this Portuguese autonomous region. [ 2 ] [ 3 ] [ 4 ] The Regional Government is one of the two organs of self-government of the Autonomous Region along with the Regional Legislative Assembly , to which it is politically accountable .
The scheme began in 2012. [8] [9] By 2024, the country has received 7.3 billion euros of funds through the program.[10]In August 2019, according to SEF, Chinese investment in Portugal under the scheme was down during the first eight months of 2019, a decrease of 15.7 percent from the same period of 2018.
Savage Islands (3.6 km 2 or 1.4 sq mi), archipelago 280 km south-southeast of Madeira Island including three main uninhabited islands and 16 islets in two groups: the Northwest Group (Selvagem Grande Island, Ilhéu de Palheiro da Terra, Ilhéu de Palheiro do Mar) and the Southeast Group (Selvagem Pequena Island, Ilhéu Grande, Ilhéu Sul ...
In the 2023 regional election, the We Are Madeira coalition (PSD/CDS–PP) was again the most voted coalition, 43 percent, but failed to win an absolute majority. [6] After the elections, PSD and CDS–PP sought the parliamentary support from PAN, which guaranteed an absolute majority in the regional parliament.
The Legislative Assembly of Madeira (Portuguese: Assembleia Legislativa da Madeira) is the legislature of the Portuguese autonomous region of Madeira. The last regional election was held on 26 May 2024, won by the Social Democratic Party (PSD) with 49,104 votes (36.13% share).
A 2019 paper published in PLOS One estimated that under Representative Concentration Pathway 4.5, a "moderate" scenario of climate change where global warming reaches ~2.5–3 °C (4.5–5.4 °F) by 2100, the climate of Funchal in the year 2050 would most closely resemble the current climate of Rabat in Morocco. The annual temperature and the ...
Madeira Airport (Portuguese: Aeroporto da Madeira) (IATA: FNC, ICAO: LPMA), informally Funchal Airport (Aeroporto do Funchal), formerly Santa Catarina Airport (Aeroporto de Santa Catarina) and officially Cristiano Ronaldo International Airport, is an international airport in the civil parish of Santa Cruz in the Portuguese archipelago and autonomous region of Madeira.